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Romanian banks only pay taxes if they want to, as they have a very complicated profit reporting system, according to official, very reliable sources.

The Financial Oversight Authority (ASF) could intervene, through the legal means that it has available, to ask OMV PETROM to proceed to the increase of the share capital through contribution in kind with the equivalent value of the plots of land...

Steven Van Groningen confuses me with every one of his actions: "I care. That's why I was in that square", the Dutchman who is the president of Austrian bank Raiffeisen Bank, the chairman of the Council of Foreign Investors (for a...

SGS Romania, a company that provides certification and inspection services, yesterday confirmed, upon the enquiry of the BURSA newspaper that it has indeed signed a contract for the provision of services with "Romcab" Târgu Mureş.

Reporter: How do you think the major loss of approximately 39 million Euros which Romcab reported last weekend for the year 2016 can be explained, considering that after nine months, it had posted a net profit of approximately 9 million...

Cable maker "Romcab", which filed for insolvency on February 10th, yesterday posted a loss of 178.23 million lei in 2016, compared to a net profit of 42.13 million lei in 2015, as, on September 30, 2016, it had a net profit of 39.6...

• UPDATE "Romcab" had losses of 178.23 million lei last year, after it got a profit of 42.13 million lei in 2015, according to the preliminary financial report sent this evening to the Bucharest Stock Exchange. 

Reporter: What is your comment on the ruling of the Court of Arbitration of Paris in which ENEL is required to pay 401 million Euros to the Romanian state?

The request by "Romcab" (MCAB) to enter insolvency, submitted on Friday and reported yesterday to the Bucharest Stock Exchange (BVB), is causing anxiety among Romanian banks, considering that many of them have exposure to that company, as...

Radu Gabrea has died.

In the ruling of the Constitutional Court of Romania, (CCR) concerning the law of conversion, a grave mistake has been made, some specialists claim, who stress that the CCR has also invoked the principle of bicameralism when it has ruled that the...

That's it, PSD has eliminated all the problems that we were complaining about one month ago, we are no longer interested in the issues of the medical system, the devolution of the education system, the unusual taxation, Romania's assets...

Automobile Dacia and Renault Commercial Roumanie (a company that sells the Dacia, Renault and Nissan in Romania) have expressed at the end of last week, in an official letter, the decision to abandon the role of member of the Romanian Association...

PSD senator Eugen Teodorovici thinks that the Fiscal Council makes misleading predictions, and as a result has asked for the resignation of the president of the Fiscal Council on Tuesday. Ionuţ Dumitru said that he would not enter this...

CHF borrowers (CHF) keep their optimism and wait anxiously on any court ruling. Except their expectations have been denied lately, as many courts, as well as the Constitutional Court have postponed or denied as inadmissible various lawsuits or...

The First Home program may disappear this year, lawyer Gheorghe Piperea said in an interview.

Banks are the main accomplices of those who hide huge amounts of money in offshores, says European MP Cătălin Ivan, member of the Special Commission for the investigation of the Panama Papers scandal. He says that most of the money transferred to...

Investment bank Lehman Brothers announced its default on September 15th 2008, and has forced the global authorities to acknowledge the beginning of an unprecedented crisis.

The institution of the EU Ombudsman recently received a complaint from NGO Corporate Europe Observatory (CEO), concerning the ties that exist between major members of the ECB management and the Group of the 30.

Reporter: Your Excellency, you have recently said that Russia expects from the new government an improvement in the Russian-Romanian relations, which are currently very cold. What would help the relations between Romania and Russia...

Some would say that America's fate is sealed through the coming of a narcissist in the White House. On the other hand, Donald Trump's narcissism, as a president, is still an unknown, whereas Barack Obama's narcissism has been proven...

Yesterday, the Virgil Măgureanu, the first director of the SRI, has been officially indicted. He was the first official founder of the institution and the one who left the deepest mark on its practices. Indicted on charges on extremely serious...

The General Shareholder Meeting of Hidroelectrica, scheduled yesterday for the appointment of the new Board of Directors, was not held due to lack of quorum, because the Ministry of Energy didn't attend the meeting, according to market...

Street protests in front of government buildings, heated debates over some legislative projects, disagreements between bankers and MPs, threats, arguments, debtors boycotting banks, foreclosures, empty promises, many lawsuits, suicides - this is...

Fugitive Sebastian Ghiţă won one victory last night, when the Romanian Intelligence Service announced, in a press release, that general-lieutenant Florian Coldea will be made available to director Eduard Hellvig. The decision of the SRI came...

Donald Trump's victory in the race for the White House and the subsequent stock market rise have relegated to the background the publication of a worrisome report, not just for the financial stability of the United States as well, but for...

The shareholders of the BSE and Ludwik Sobolewski have to decide this year if the Pole will stay in charge of the company for another four years, and if yes, in what context, as his term will expire in August.

Caught up in the fever of the elections, the MPs put on hold, at the end of last year, the discussion of the report to dismiss the president of the Financial Oversight Authority (ASF) Mişu Negriţoiu, drawn up by four commissions from the Senate...

Reporter: PSD leader Liviu Dragnea says he found a "hole" in the budget of 10 - 14 billion lei, because of the positive rectification of November, and the technocrats are defending themselves claiming that the deficit of 2016 was...

Employees earning more than five monthly gross wages will be required to pay more to healthcare and pension contributions, starting with April, after the government decided, on Friday, through an emergency ordinance to eliminate the cap on these...

The planet's debt calculated by the International Institute for Finance (IIF) amounts to 217 trillion dollars, according to data it has published, quoted by zerohedge.com. The website notes at the end of 2016, the global debt amounted to...

Romania needs a healthy economic vision, one for the long term, coupled with the responsibility of the decision makers of economic policies, presidential advisor Cosmin Marinescu says in an interview posted on his personal website...

In his new year message, designated prime-minister Sorin Grindeanu promised urgent measures would be taken to increase the quality of Romanians' life.

The spasmodic evolution of the shares of Monte dei Paschi (BMPS) on the Milan stock exchange is nearing its end, as the reality of bankruptcy and the need for nationalization can no longer be denied.

SIF5 Oltenia has sued the Romanian Commercial Bank, bringing two lawsuits, as it has disagreed to the decision of the shareholders to merge the bank with the real estate companies within the group - BCR Real Estate Management SRL and Bucharest...

The suspicion that the program of the PSD is nothing but a bunch of promises that won't be honored, once the party's members get into the government, was countered by the president of the party, Liviu Dragnea, who invoked the guarantee of...

Exporters demand professionalism from the future government, said Mihai Ionescu, the president of the National Association of Romanian Exporters and Importers (ANEIR).

Gabriel Dumitraşcu, former head of the privatization department of the Energy Ministry, who ran for the Supervisory Board of Hidroelectrica, yesterday filed a criminal complaint against Victor Vlad Grigorescu, current Energy minister, with the...

The postponement of the application of some tax cuts stipulated in the current Fiscal Code set to come into effect on January 1st, 2017, made the Cioloş government flip-flop yesterday.

I can understand why there is infighting among liberals after losing the elections, but they shouldn't be upset, because in fact, the electorate has chosen liberalism.